ACCOUNTS - Final Accounts

TOBY MUNDY ASSOCIATES LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueliterary agent and the provision of consultancy and editorial servicesfalse2017-01-01 09117825 2017-01-01 2017-12-31 09117825 2016-01-01 2016-12-31 09117825 2017-12-31 09117825 2016-12-31 09117825 c:Director1 2017-01-01 2017-12-31 09117825 d:OfficeEquipment 2017-01-01 2017-12-31 09117825 d:OfficeEquipment 2017-12-31 09117825 d:OfficeEquipment 2016-12-31 09117825 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 09117825 d:CurrentFinancialInstruments 2017-12-31 09117825 d:CurrentFinancialInstruments 2016-12-31 09117825 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 09117825 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09117825 d:ShareCapital 2017-12-31 09117825 d:ShareCapital 2016-12-31 09117825 d:RetainedEarningsAccumulatedLosses 2017-12-31 09117825 d:RetainedEarningsAccumulatedLosses 2016-12-31 09117825 c:OrdinaryShareClass1 2017-01-01 2017-12-31 09117825 c:OrdinaryShareClass1 2017-12-31 09117825 c:FRS102 2017-01-01 2017-12-31 09117825 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 09117825 c:FullAccounts 2017-01-01 2017-12-31 09117825 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09117825

TOBY MUNDY ASSOCIATES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017


TOBY MUNDY ASSOCIATES LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


TOBY MUNDY ASSOCIATES LIMITED REGISTERED NUMBER:09117825

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		845		364
Current assets
Debtors: amounts falling due within one year	5	8,249		11,782
Cash at bank and in hand		32,181		4,048
		40,430		15,830
Current liabilities
Creditors: amounts falling due within one year	6	(34,201)		(16,164)
Net current assets/(liabilities)			6,229		(334)

Net assets			7,074		30

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		7,073	29
		7,074	30

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2018.

J T Mundy

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

The company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office is 38 Berkeley Square, London, United Kingdom, W1J 5AE.
The principal activity of the company is that of a talent management company, specialising in consultancy and representing authors and speakers.
The functional and presentational currency of the company is £ sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue comprises fees and commissions receivable in respect of services supplied during the year, exclusive of Value Added Tax.
Fee income is recognised when services are provided. Commissions are recognised when royalties and advances are received.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

Straight line 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 2


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from and to related parties.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.8

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

Page 3


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2017	833
	Additions	727
	At 31 December 2017	1,560
	Depreciation
	At 1 January 2017	468
	Charge for the year on owned assets	246
	At 31 December 2017	714
	Net book value
	At 31 December 2017	846
	At 31 December 2016	364

Debtors

					2017	2016
					£	£


Trade debtors	6,574	-
Other debtors	-	9,875
Prepayments and accrued income	1,675	1,907
	8,249	11,782

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Taxation and social security	24,753	13,414
Other creditors	2,261	-
Accruals and deferred income	7,187	2,750
	34,201	16,164

Page 4


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

7.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

10 Ordinary shares of £0.10 each	1	1

8.	Transactions with directors

At the balance sheet date the company owed £2,261 to (2016 - was owed £9,875 by) J T Mundy, a director of the company.

Page 5